The Best Mortgage Lenders in Guion, AR
Compare verified mortgage lenders serving Guion, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Guion
Featured Mortgage Lenders
Fairfield Mortgage
Fairfield Mortgage
Fairfield Mortgage is one of Arkansas's most highly-rated regional mortgage lenders with extensive experience serving rural communities throughout the state. Founded in 1998, they have built an exceptional reputation for personalized service and competitive rates, particularly valuable for homebuyers in smaller communities like Guion. Their expertise with USDA rural development loans makes them an ideal choice for properties in Izard County, and their local Arkansas roots ensure they understand the unique aspects of rural property financing in the region.
Loan Types:
First Community Bank
First Community Bank Mortgage Department
First Community Bank has been serving North Central Arkansas communities since 1996, with Batesville being just a short drive from Guion. They offer comprehensive mortgage services with deep local market knowledge of Izard County and surrounding areas. Their strong community banking approach provides personalized service that national lenders can't match, and they have particular expertise with rural properties and local real estate markets. Customers consistently praise their responsive service and competitive loan options.
Loan Types:
Centennial Bank
Centennial Bank Mortgage Division
Centennial Bank has established itself as a trusted mortgage lender throughout Arkansas with multiple locations serving rural communities. Their Batesville branch provides convenient access for Guion residents seeking mortgage financing. With over two decades of experience, they offer a full range of loan products with special attention to rural housing needs. Their local loan officers have extensive knowledge of the Izard County area, and they're known for their straightforward application process and reliable customer service throughout the loan journey.
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Frequently Asked Questions
Common questions about mortgage lending in Guion, AR
What are the current average mortgage rates for homebuyers in Guion, AR?
Mortgage rates in Guion typically align with national averages but can be slightly lower due to the area's rural classification. As of recent data, 30-year fixed rates hover around 6.5-7%, while FHA and VA loans might offer rates 0.25-0.5% lower. Local lenders like First Service Bank and Eagle Bank often provide competitive rates specifically for Izard County residents.
Are there any special loan programs for first-time homebuyers in Guion?
Yes, the Arkansas Development Finance Authority (ADFA) offers several first-time homebuyer programs that are accessible in Guion, including down payment assistance grants and lower interest rate mortgages. Additionally, USDA loans are particularly relevant here since Guion qualifies as a rural area, offering 100% financing options for eligible buyers.
How does Guion's rural location affect my mortgage options?
Guion's rural designation makes USDA loans widely available, which require no down payment for qualified buyers. This location also means local lenders are familiar with properties on well and septic systems, which may require additional inspections but typically don't complicate mortgage approval if systems are functional.
What property types are most common in Guion's mortgage market?
Guion's mortgage market primarily consists of single-family homes, manufactured homes on permanent foundations, and rural properties with land. Local lenders are experienced with appraising these property types, though manufactured homes may require specific loan programs like FHA Title I or specialized conventional loans.
Are there local property tax considerations I should know about when getting a mortgage in Guion?
Izard County property taxes are relatively low compared to national averages, typically ranging from 0.5% to 0.7% of assessed value. Your mortgage lender will factor these taxes into your escrow payments, and first-time homeowners may qualify for the Arkansas Homestead Tax Credit, which freezes property tax assessments for homeowners age 65 or disabled.
Why Choose a Mortgage Lender in Guion?
Local Market Knowledge
Lenders who understand Guion's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Arkansas.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Guion and get competitive rates on your home loan.